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Is a return required to be filed if the client received a lawsuit settlement of $11?

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Level 2

She is not required to file otherwise. SS income $32,538., pensions $2,179. No other income. The settlement was not personal injury. It was citicorp re a 401 K. She did not have a 1099-misc although I think they sent one to her.

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Level 15
Level 15

Not personal injury, and you think a 1099 was probably issued, sounds like a filing requirement may exist.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 15
Level 15
oh you said only eleven dollars? LOL dont worry about it, no filing requirement for that.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 15

When in doubt, file. 


ex-AllStar